04.05.2018| Zologar| 4 Comments

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Consolidating failing companies

Even its new strategy was insufficient to provide enough cash flow to survive. Companies need the staying power to allow the market to mature. Its efforts to compete against DJI with a consumer drone failed, forcing it from the field. Then the company shifted to providing more hardware. The commercial market is developing more slowly than optimistic investors had hoped. The large firms that could deploy large fleets of unmanned systems are still running proof of concepts to ensure that drones will meet their needs and provide cost savings. Regulatory barriers are taking time to loosen. Instead, the investment focus now is on drone services and analytics. Despite this initial promise, Airware ran into problems that forced it to shift its strategy. Read More. Some are even moving into services as another way of trying to broaden their revenue base. The company recreated itself as a drone software provider for construction, engineering and mining firms. Without Federal Aviation Administration approval to fly beyond visual line of sight, the commercial viability of many operations in agriculture and industrial inspection is in doubt. Airware provided drone software to the mining, insurance and construction industries. An auction house is selling other assets today. Consolidating failing companies

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Consolidating failing companies



Consolidating failing companies



Consolidating failing companies



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4 thoughts on “Consolidating failing companies”

  1. Damuro says:

    The substantial investment in hardware has ended due to the commoditization of the sector with the dominance of DJI.

  2. Shaktilmaran says:

    On this Halloween, it is a warning about zombies of the drone industry, kept alive for now only by short-term infusions of venture capital. An auction house is selling other assets today.

  3. Dosar says:

    Airware is only the beginning of the consolidation of the industry, which will force a wave of mergers and bankruptcies. The substantial investment in hardware has ended due to the commoditization of the sector with the dominance of DJI. The overall problems in the drone sector remain for services and analytics.

  4. Gobar says:

    Many other companies are mirroring Airware's journey from hardware to software and analytics. Regulatory barriers are taking time to loosen. Companies need the staying power to allow the market to mature.

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